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I'd been flirting with idea of going long again this week, boy am I glad I stayed in cash! We ought to see some tectonic moves in the market now, and a thousand blows to the shabby deceit of the Keynesian mafia.

Actually, this isn't entirely a Black Swan. The unexpected rapprochement between the US and Iran last year suggested the Obama administration was deeply fearful of the spread of Syrian/Qeada militancy. An improbable alliance of Iran and Iraq vs Saudi/Syria looks to be in the offing. $200bbl crude could be the least of our worries.

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Poor old Haig who thinks Bashir Assad is a monster and is still pondering who to support in Syria. And now in a deeper quandary who to support in Iraq, now the beheading season has begun, has been heard to repeat the same old tired mantra along with his boss and co over and over again - Islam is a religion of peace, Islam is a religion of peace....

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More of a grey pigeon, this was a dead cert the day Millipede blocked intervention in Syria......

Miliband blocked bombing the Syrian gov who are fighting these Al Qaeda ISIS fighters. That action would have taken out the Syrian gov and supported the rebel extremists. This advance in Iraq would have happened even quicker if Miliband had given Labours approval to attack. Remember the US and other nations (the French particularly) were hours away from it. I was shocked a UK party leader blocked a military attack supported by the US.

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Miliband blocked bombing the Syrian gov who are fighting these Al Qaeda ISIS fighters. That action would have taken out the Syrian gov and supported the rebel extremists. This advance in Iraq would have happened even quicker if Miliband had given Labours approval to attack. Remember the US and other nations (the French particularly) were hours away from it. I was shocked a UK party leader blocked a military attack supported by the US.

Er, no, the Russians blocked it. Millipede couldn't block a wet paper bag. As I recall John Kerry was asked at a press conference what it would take for the US not to bomb Syria and he said they would have to hand over all their chemical weapons within one week and added, "Of course they are not going to do that!" At which point the Russians said they would broker a hand-over deal and the Syrians said they could easily hand over their entire stockpile in a week. So the whole bomb Syria idea died a death. Behind the scenes the Russians were also threatening to invade Saudi if the US invaded Syria.

That was months ago. I believe Syria still has most of its chemical weapons.

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Er, no, the Russians blocked it. Millipede couldn't block a wet paper bag. As I recall John Kerry was asked at a press conference what it would take for the US not to bomb Syria and he said they would have to hand over all their chemical weapons within one week and added, "Of course they are not going to do that!" At which point the Russians said they would broker a hand-over deal and the Syrians said they could easily hand over their entire stockpile in a week. So the whole bomb Syria idea died a death. Behind the scenes the Russians were also threatening to invade Saudi if the US invaded Syria.

That was months ago. I believe Syria still has most of its chemical weapons.

I'm no fan of Millipede but he stood up to the Americans and voted the way the people of Britain wanted, If MPs had voted the way the Americans wanted we'd have been in another unwinnable war in a matter of days.

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Miliband blocked bombing the Syrian gov who are fighting these Al Qaeda ISIS fighters. That action would have taken out the Syrian gov and supported the rebel extremists. This advance in Iraq would have happened even quicker if Miliband had given Labours approval to attack. Remember the US and other nations (the French particularly) were hours away from it. I was shocked a UK party leader blocked a military attack supported by the US.

Yes, we would rather support Russian interest and keep a nice family based dictatorship to rule Syria with an iron fist for ever ... based on your thoughts Oliver Cromwell was a terrorist too ..

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From the chart in the article the "spike" seems to be no more significant than similar volatility that's nearly always in the oil price.

It's interesting that the telegraph has oil spike and Iraq headlines at a time when there's been a lot of news that the energy suppliers are under investigation for ripping off and exploiting customers. It must just be a coincidence.